Stedin Group shareholders, the Dutch State, provinces of Utrecht and Zeeland and various municipalities reach agreement on € 535m equity contribution
Transaction summary – Dutch State
Amsterdam, September 8, 2023 – Stedin Group's shareholder committee and the Dutch State have reached an agreement on the participation of the Dutch State as a new shareholder in Stedin Group. The Dutch State are to strengthen the grid operator’s equity by € 500m and become an 11.9% shareholder of Stedin Group.
The equity raise is still subject to approval of the Dutch Parliament and the shareholders of Stedin Group.
Press release: Stedin Groep
Emendo Capital acted as financial adviser and project leader on behalf of Stedin in collaboration with ABN AMRO and Stek Advocaten.
Transaction summary – Provinces of Utrecht and Zeeland and various municipalities
Amsterdam, March 27, 2024 – Stedin Group's shareholder committee agreed to 23 new shareholders joining the grid operator. In addition to the provinces of Utrecht and Zeeland, nine Utrecht and twelve Zeeland municipalities have also become shareholders. Together, the new shareholders will strengthen Stedin’s equity by €34.8 million.
Press release: Stedin Groep
Emendo Capital acted as financial adviser and project leader on behalf of Stedin in collaboration with Stek Advocaten.
Energy crisis demands acceleration
The Netherlands is implementing the Climate Agreement, facilitating economic development and connecting new homes to the grid. It is a matter of great urgency to achieve these objectives; all the more so since we in the Netherlands are experiencing an energy crisis that demands acceleration of the energy transition. Economic developments, digitalisation and the consequential increasing demand for capacity in the electricity grid are proceeding quickly. The grid has reached full capacity in more and more locations and it is temporarily not possible to connect businesses and new housing estates. To expand and create the necessary capacity in the grid, Stedin will have to invest a minimum of € 8bn up to 2030. Further ambitions such as FIT 55, RepowerEurope and compensation for congestion management will increase this amount.
About Stedin Groep
Working together towards a world full of new energy. This is the goal that all employees of Stedin Group are striving to achieve every day. We believe that it is our responsibility to ensure that all our customers have access to the sustainable energy they need to live, work and conduct business. Stedin Group is increasing the sustainability and maintaining the robustness and affordability of the energy system. This is achieved through the combined efforts of grid operators Stedin (provinces of Zuid-Holland and Utrecht) and Enduris (province of Zeeland) and the experts of infrastructure company DNWG Infra.
For additional information regarding Stedin Group, visit https://www.stedingroep.nl/